Ex-Ambassador to Canada Takes the Helm at Power Sustainable
- Former U.S. Ambassador to Canada appointed as CEO of Power Sustainable
- Over three decades of experience in wealth and asset management at Goldman Sachs
- Focus on accelerating growth in the U.S. market
- Olivier Desmarais steps down from CEO position, remains chairman
Power Sustainable, a subsidiary of Montreal-based financial services company Power Corporation of Canada, has appointed Bruce Heyman as its new CEO. Heyman brings over three decades of experience in wealth and asset management from Goldman Sachs to the sustainability-focused alternative asset management firm. As U.S. ambassador to Canada between 2014 and 2017, he gained a deep understanding of the U.S.-Canada economic relationship. In his new role, Heyman will focus on scaling the company’s reach, working with investment teams to deploy capital, and developing its sustainability focus. Olivier Desmarais, who founded Power Sustainable in 2019, steps down as CEO but remains chairman.
Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about the appointment of Bruce Heyman as CEO of Power Sustainable, his background and experience, and the company’s growth objectives. It also mentions his previous role as U.S. ambassador to Canada and his relationship with Olivier Desmarais. The article is free from sensationalism, redundancy, bias, or logical errors.
Noise Level: 2
Noise Justification: The article provides relevant information about the appointment of Bruce Heyman as CEO of Power Sustainable and his experience in finance and diplomacy, along with details on the company’s growth objectives. It also mentions his previous role as U.S. ambassador to Canada and his connection to Power Corporation of Canada. The content is focused and informative without any unnecessary filler or misleading information.
Public Companies: Power Corporation of Canada (POW)
Private Companies: Power Sustainable
Key People: Bruce Heyman (Chief Executive Officer), Olivier Desmarais (Chairman)
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the appointment of Bruce Heyman as CEO of Power Sustainable, an alternative asset management company, and his experience in wealth and asset management at Goldman Sachs. Although it mentions a subsidiary of Power Corporation of Canada, there is no direct impact on financial markets or specific companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event is mentioned in the text and it’s not related to any major crisis or disaster.
Move Size: No market move size mentioned.
Sector: Financial Services
Direction: Up
Magnitude: Small
Affected Instruments: Stocks
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